https://padlet.com/ramon_martinez204/vcgvr18zg70h Made with an open mind en-us 2016-09-07 08:14:14 UTC 2026-03-19 20:08:10 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/File.png ramon_martinez204 https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130894291 http://www.nytimes.com/2016/10/14/world/middleeast/saudi-arabia-oil-prices-economy.html?ref=world

This article is titled Saudi Arabia, Where Even Milk Depends on Oil, Struggles to Remake Its Economy. The article begins by describing the struggle of making milk in an area such as Saudi Arabia. However, it goes into further explanation about its successes with the productivity of petroleum and how they can virtually sustain remarkable things with the dependence of crude oil. This reminds me of comparative advantage in what we read and discussed in class. Saudi Arabia, being a major driver in the oil industry sets them up for development, capitalizes what they are good in the economy. They utilize crude oil for electricity, energy-investment sectors, and a Snow City (indoor snow park).

]]> 2016-10-15 04:05:00 UTC https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130894291 ramon_martinez204 https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130894592
http://www.economist.com/news/finance-and-economics/21708245-world-should-be-both-encouraged-and-embarrassed-latest-global-poverty

About 767 million people are currently living on less than $1.90 a day. There has been a major decrease of about 1 billion people in 20 years. On the contrary, we are developing and becoming more wealthier than ever. However, we still have a large number of humans who live underneath that threshold. This is related to the United Nations 17 Sustainable Development Goals. Specifically to their #1, end poverty in all its forms everywhere. Both sources state that we have made vast improvements in ending poverty, and the possibility of ending it is achievable with more financial output.









]]> 2016-10-15 04:23:57 UTC https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130894592 ramon_martinez204 https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130949059 https://www.foreignaffairs.com/articles/global-commons/2015-03-12/power-powerless
The Doha Development Agenda was formed to encourage more international trade by lowering trader barriers and tariffs. This article believes that developing countries can gain an upper hand by using their poverty status and lesser strengths to their advantage against the World Trade Organization. This article reminded me of the reading from class called It's a Flat World After All. We have the assumption that it's becoming an equal playing field in the socio-economic realm. However, we have learned that we are far from it because not everyone has the resources. ]]> 2016-10-16 05:20:44 UTC https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130949059 ramon_martinez204 https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130950801 http://www.bbc.com/news/business-37674169
Britain is expected to have a period in which they will experience weak economic growth. The price of sterling is increasing inflation because of its weakness. Consumer spending will then decrease and business investments will decrease too. To counteract they will increase exports in following years. Britain is focused on internal production along with export in order to mitigate any further decrease in economic growth. Andre Gunder Frank and Immanuel Wallerstein would say that unequal exchanges are necessary for the positive growth in profits. This is a way for them to keep competing in for world market.









]]> 2016-10-16 06:40:39 UTC https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130950801 ramon_martinez204 https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130952423 Montreal Protocol is in an agreement where countries report emissions and get trade sanctions if they don't meet the criteria. The treaty was after multinational corporations and seek to take them out of the world market if they didn't find a solution for ozone-depleting substances. Foreign Direct Investment involves the core countries establishing ownership of the the periphery counties. This can be a good or bad thing for the periphery countries. It can flourish them with technology, employment, economic growth. Or it can exploit them and ruin their environment.]]> 2016-10-16 07:33:14 UTC https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/130952423 ramon_martinez204 https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/141308691 http://www.nytimes.com/2016/12/01/world/europe/vladimir-putin-us-russia.html?ref=world&_r=0]]> 2016-12-02 07:25:39 UTC https://padlet.com/ramon_martinez204/vcgvr18zg70h/wish/141308691